Launch of Ondo perps: A perpetual contracts platform for traditional assets
Ondo Finance officially launched Ondo Perps, a platform dedicated to perpetual futures on traditional assets such as major U.S. stocks (for example Apple, Tesla, or Nvidia), ETFs, and commodities like gold and silver. This solution enables leveraged positions of up to 20x and is accessible 24/7, eliminating the time constraints of traditional stock markets.
Technically, Ondo Perps relies on tokenised assets as collateral, integrating automatic liquidation mechanisms and liquidity provided by decentralised pools. The platform is currently restricted to non-U.S. users due to regulatory considerations, but expansions are expected as legal frameworks evolve.
This announcement targets both institutional and retail traders, offering instant on-chain settlement and seamless integration with existing DeFi protocols. According to estimates presented at the summit, this could generate substantial trading volumes, contributing to the expansion of the RWA sector, where Ondo’s TVL (Total Value Locked) already exceeds $2.5 billion.
IPO tokenisation
Another major innovation concerns access to Initial Public Offerings (IPOs). Through Ondo Global Listing, IPOs will be tokenised and made available from their first day of trading across multiple blockchains, including Ethereum and Solana. This democratises access to primary markets, traditionally reserved for accredited investors or U.S. residents, by enabling fractional purchases and instant transfers.
At the same time, integration with MetaMask, the most widely used crypto wallet with millions of users, has been expanded to include more than 200 tokenised U.S. stocks, ETFs, and commodities. Users can now view and manage these assets directly in their wallet, alongside their cryptocurrencies, without banking intermediaries.
This functionality is based on standards such as ERC-20 for optimal compatibility and includes built-in compliance tools to meet KYC/AML regulatory requirements. Demonstrations at the summit showed how this simplifies diversified portfolios, potentially attracting additional institutional flows and accelerating mass adoption of RWAs.
A new global standard for tokenised securities markets
During the summit, Ondo Finance announced the confidential filing, by its subsidiary Ondo Global Markets, of a registration statement with the SEC (U.S. Securities and Exchange Commission). This initiative aims to establish a global transparency standard for tokenised securities markets by offering investors worldwide comprehensive issuer-level disclosures aligned with SEC requirements, widely considered the global benchmark for regulatory disclosure.
Once this filing is declared effective by the SEC, Ondo Global Markets would become the first issuer of transferable tokenised stocks subject to strict SEC reporting obligations. Approval of this filing would pave the way for compliant and legal distribution directly to U.S. investors, both retail and institutional, leveraging Ondo’s already regulated infrastructure registered with the SEC.
This does not yet constitute immediate authorisation for the U.S. market. The filing remains confidential and under SEC review, but represents a decisive step toward fast and regulated market access once approved. This strategy strengthens Ondo’s leading position (more than $2.5 billion in TVL and more than $9 billion in cumulative volume) and aims to attract additional global institutional capital through top-tier institutional transparency.
A full infrastructure for “Wall Street On-Chain”
The summit highlighted Ondo’s vision as a central hub for tokenised finance, moving beyond tokenised Treasuries (such as OUSG, which provides tokenised exposure to U.S. Treasuries, and USDY, a yield-bearing tokenised dollar) toward a comprehensive ecosystem including stocks, ETFs, IPOs, perpetuals, and RWA lending.
Panels featuring experts from the U.S. Treasury and the White House emphasised tokenisation as the future infrastructure of financial markets, enabling always-on trading, real-time settlement, and reduced intermediary costs.
Ondo Chain, the Layer 1 blockchain dedicated to real-world assets launched in 2025, was presented as a core security pillar. It integrates staking mechanisms using tokenised assets to validate the network. This approach positions Ondo in direct competition with players such as BlackRock, Securitise, and Centrifuge, as it seeks to capture a meaningful share of the tokenised equities and perpetuals markets, widely viewed as a structural mega-trend for 2026–2030.
The adoption rate of Ondo Chain, the depth of liquidity across tokenized stocks, ETFs, and perpetual markets, and regulatory developments in the United States will be decisive factors in Ondo’s trajectory. Any announcement involving major banks, asset managers, or market infrastructure providers could significantly accelerate its institutional credibility.
The Summit marked a pivotal step in the structuring of tokenised finance. If the trend continues, the coming years could see the emergence of a new hybrid financial architecture, where blockchain and traditional finance converge at scale. The question is no longer whether tokenisation will establish itself, but which players will capture its value and whether Ondo will emerge as one of the leaders of this new era.
